Royal Caribbean Cruises Ltd. $RCL Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lessened its position in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 13.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 125,191 shares of the company’s stock after selling 19,115 shares during the quarter. Calamos Advisors LLC’s holdings in Royal Caribbean Cruises were worth $33,283,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in Royal Caribbean Cruises during the second quarter worth approximately $321,332,000. Envestnet Asset Management Inc. lifted its stake in shares of Royal Caribbean Cruises by 5.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 293,714 shares of the company’s stock valued at $93,261,000 after purchasing an additional 14,018 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $3,586,000. Proficio Capital Partners LLC purchased a new position in shares of Royal Caribbean Cruises in the 2nd quarter worth approximately $650,000. Finally, State of Michigan Retirement System purchased a new position in shares of Royal Caribbean Cruises in the 1st quarter worth approximately $18,080,000. Hedge funds and other institutional investors own 87.53% of the company’s stock.

Analyst Ratings Changes

RCL has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Royal Caribbean Cruises from a “hold” rating to a “buy” rating and increased their price target for the company from $299.00 to $330.00 in a report on Monday, September 28th. Citigroup boosted their price objective on shares of Royal Caribbean Cruises from $362.00 to $364.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. BNP Paribas Exane boosted their price objective on shares of Royal Caribbean Cruises from $357.00 to $392.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Freedom Capital downgraded shares of Royal Caribbean Cruises from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, Tigress Financial restated a “buy” rating and issued a $425.00 target price on shares of Royal Caribbean Cruises in a report on Monday, September 28th. Twenty-one investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $355.62.

Insider Activity

In other Royal Caribbean Cruises news, Director Maritza Montiel sold 400 shares of the business’s stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $307.21, for a total value of $122,884.00. Following the completion of the sale, the director directly owned 13,202 shares of the company’s stock, valued at $4,055,786.42. The trade was a 2.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arne Wilhelmsen sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $323.23, for a total transaction of $9,696,900.00. Following the completion of the transaction, the director owned 16,185,910 shares in the company, valued at $5,231,771,689.30. This represents a 0.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 250,400 shares of company stock valued at $82,263,584. 6.44% of the stock is owned by corporate insiders.

Royal Caribbean Cruises Trading Up 1.3%

Royal Caribbean Cruises stock traded up $4.13 during mid-day trading on Friday, hitting $326.86. The company’s stock had a trading volume of 1,534,384 shares, compared to its average volume of 2,123,895. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.19 and a current ratio of 0.22. The company has a 50 day moving average of $275.23 and a 200-day moving average of $287.88. Royal Caribbean Cruises Ltd. has a one year low of $222.22 and a one year high of $356.39. The stock has a market cap of $87.43 billion, a PE ratio of 19.35, a P/E/G ratio of 1.12 and a beta of 1.88.

Royal Caribbean Cruises (NYSE:RCL) last released its earnings results on Tuesday, October 27th. The company reported $6.57 earnings per share for the quarter, topping the consensus estimate of $6.38 by $0.19. The business had revenue of $5.59 billion during the quarter, compared to the consensus estimate of $5.61 billion. Royal Caribbean Cruises had a return on equity of 43.40% and a net margin of 23.78%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $5.75 earnings per share. On average, research analysts anticipate that Royal Caribbean Cruises Ltd. will post 17.94 EPS for the current year.

Royal Caribbean Cruises Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were issued a dividend of $1.50 per share. The ex-dividend date was Thursday, September 17th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. Royal Caribbean Cruises’s dividend payout ratio (DPR) is presently 35.52%.

Royal Caribbean Cruises Profile

Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a global cruise vacation company. Its brands include Royal Caribbean International, Celebrity Cruises and Silversea Cruises, which offer voyages ranging from large-ship family vacations to premium and luxury experiences.

The company serves travelers through itineraries to destinations around the world, including the Caribbean, Europe, Alaska and Asia. Its vacation offerings combine onboard accommodations, dining and entertainment with shore excursions and visits to ports and private destinations.

Founded in 1968, the company is headquartered in Miami, Florida.